The Super Majority

Deficit Soars Unchecked in Obama’s $3.8 Trillion Budget

President Obama sent Congress a $3.8 trillion budget Monday for fiscal year 2011, pushing a plan that includes new jobs-creation programs but is projected to add $1.3 trillion in deficit spending on top of the current year’s projected $1.6 trillion deficit.

President Obama sent Congress a $3.8 trillion budget Monday for fiscal year 2011, pushing a plan that includes new jobs-creation programs but is projected to add nearly $1.3 trillion in deficit spending on top of the current year’s projected $1.6 trillion deficit.

According to the plan, the 2011 deficit of $1.267 trillion would fund nearly the entirety of the year’s discretionary spending, which is $1.415 trillion or 37 percent of the government’s total outlays. Mandatory spending on items such as entitlements and interest payments make up the rest.

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